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PhonePe

PhonePe investors paid Rs 8,000 cr in taxes to make India its home

TMT

25 January, 2023

PhonePe investors paid Rs 8,000 cr in taxes to make India its home

Making India its home has proved to be expensive and "shocking" for the investors of digital payments company PhonePe who ......

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Deals Digest: Fintech cos lead funding race this week

TMT

20 January, 2023

Deals Digest: Fintech cos lead funding race this week

Financial services sector took the front seat in funding activity this week, which also saw Walmart-owned digital payments app PhonePe ......

PhonePe raises $350 mn at $12 billion valuation

Finance

19 January, 2023

PhonePe raises $350 mn at $12 billion valuation

Walmart-owned Indian digital payments app PhonePe has raised $350 million from US private equity firm General Atlantic at a pre-money ......

Flipkart's  $700 Mn Esop Cash Payout To Benefit 25,000

Consumer

27 December, 2022

Flipkart's  $700 Mn Esop Cash Payout To Benefit 25,000

More than 25,000 current and former employees of Flipkart are set to make a financial windfall as the e-commerce giant ......

IPO-bound PhonePe concludes separation from Flipkart

Finance

23 December, 2022

IPO-bound PhonePe concludes separation from Flipkart

Walmart-owned Flipkart and digital payments platform PhonePe, on Friday announced the full ownership separation of PhonePe as the company gears ......

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PhonePe to acquire BNPL startup ZestMoney

Finance

25 November, 2022

PhonePe to acquire BNPL startup ZestMoney

Digital payments and financial services provider PhonePe is in the process of acquiring buy-now-pay-later (BNPL) fintech startup ZestMoney, two people ......

PhonePe India's revenue rises over two-fold in FY22

TMT

18 October, 2022

PhonePe India's revenue rises over two-fold in FY22

Walmart-owned payment services provider PhonePe’s consolidated operating revenue has more than doubled (growing by 138%) to Rs 1,646 crore during ......

PhonePe founders acquire Mumbai franchise of Prime Volleyball League

Finance

10 October, 2022

PhonePe founders acquire Mumbai franchise of Prime Volleyball League

Walmart-owned PhonePe’s founders Sameer Nigam and Rahul Chari have acquired the Mumbai franchise in the Prime Volleyball League, the league ......

UPI payments double in June quarter, set new record in September

Finance

04 October, 2022

UPI payments double in June quarter, set new record in September

National Payments Corporation of India (NPCI)’s unified payments interface (UPI) accounted for over 83% of all digitally made payments in ......

PhonePe shifts domicile from Singapore to India

Finance

03 October, 2022

PhonePe shifts domicile from Singapore to India

Walmart-owned PhonePe, on Monday announced that it has concluded the process of moving its domicile from Singapore to India. The ......